Six months after having planted the tricolor flan in the geographic North Pole, Russia has done the same in the southern Pole in a clear expression of its renewed ambitions in Antarctica and its natural resources.
Scientists investigating the icy waters of Antarctica said this week they have collected mysterious creatures, including giant sea spiders and huge worms in the murky depths.
The world's busiest airport, London Heathrow, saw more delays than any other major European airport last year - for the second consecutive year according to a report from the Association of European Airlines, AEA, released this week.
Chinese inflation hit an 11-year high in January after rising price pressures were exaggerated by fierce snow storms, official figures show. Soaring food prices were largely blamed for pushing consumer inflation up to 7.1% last month, from 6.5% in December.
The Korean government announced this week plans to set up a second research station in Antarctica to expand operations. The project should be completed by 2011.
Crude oil rose for a fourth day and closed Tuesday at a record 101.01 US dollars in New York on fears that OPEC might reduce output and growing concern over supplies from Venezuela, Nigeria and Russia.
Struggling bank Northern Rock PLC will be nationalized after the British government rejected two private takeover bids, Chancellor of the Exchequer Alistair Darling said Sunday. Darling told a news conference that the ailing mortgage lender would be placed under temporary public ownership because both private proposals had failed to meet the government's criteria for protecting taxpayers.
Populations of tiger, bull, dusky and other sea sharks have plummeted by more than 95% since the 1970s, according to an expert from the World Conservation Union. But ongoing efforts to identify shark hotspots across the oceans could help improve their chances of survival in future.
The Qatar Investment Authority purchases shares from Credit Suisse and is planning to invest up to 15 billion US dollars in European and US banks in the next twelve months, announced Monday Qatar Prime Minister according to Bloomberg News.
Japanese and South Korean steel mills have agreed to pay Brazilian miner Vale do Rio Doce 65% more for iron ore this year. Japan's Nippon Steel and South Korea's Posco said they would pay Vale 78.90 US dollars a ton from April.